I want to explain what happened.
I feel very stupid as I lost all my money one year ago and my account manager convinced me to invest again. But this time the trading was not done by myself , they convinced me to have a managed account (management done by Blue Capital FX). The acc manager said to me that the risk is 20 % and I agreed based on that statement. The problem is that I don't have any prove that He said so , it was verbally and not in a document like e-mail or so. They sent me the list of transactions of few years and also a report of the last 3 years of performance of the broker. In the report I saw profits of few % ( 3-5) each month and also losses of few % . Nothing drastic. Also I saw that the positions were opened in a moderate way (0.01 , max 0.1). So I agreed to try. After they started to trade I was shocked, the positions were opened much higher, many of them at once, for the same pair , without stop loss, and I called my acc manager to complain on the way the manager was trading. At that time I had already 10% loss in only one week . I gave the instructions that I agree to a risk of max 20 % and I was sure that He will follow the instruction. But for my surprise when the trade was restarted on Monday the account was already with almost 50 % loss. I called desesperatly my acc manager , He didn't answer me. Wrote to him several e-mail, didn't get any reply . Called the dealing desk to try to get him to call me back. I decided that I am requesting to withdraw some money in order not to loose all and due to lack of enough securities the trades were closed with almost 70 % loss of my investment.
I could not believe the situation, in only 2 weeks they made me lost 70 % of my money.
I am trying to talk to the acc manager , sending him sms' , e-mails , requesting from him to call me , nothing. He is not answering the phone and he is not calling me back neither answering to my e-mails.
I don't know what to do . I feel that they did everyting on purpose , they stole my money.
And in only 2 weeks or so , and trading done by an expert broker ????
Now I am reading in your forums that YouTradeFx is a scam, and reading the internet site of the USG CAPITAL site I understand that they are very well related. And even more they are related to the company You Trade Holdings Limited which seems to be also a Scam.
I will greatly appreciate that you will help me with this problem, what should I do ?
I am sure that I am not the only one that has lost his money with USG Capital, but I can't find anything in the internet regarding more investors complaining .
Please , your help will be greatly appreciated.
I don't know what to do .